Portkey AI Raises $15M for Enterprise AI Stack
Portkey AI, a company providing an enterprise AI production stack, has raised a $15 million Series A. The platform is designed to ensure reliability for agentic AI workflows. The funding highlights growing investor demand for robust infrastructure to support the deployment of AI agents in enterprise settings.
- The $15 million Series A was led by Elevation Capital, with participation from existing investor Lightspeed, and follows a $3 million seed round in August 2023. - Portkey was founded in 2023 by Rohit Agarwal and Ayush Garg; Agarwal previously led product at Freshdesk and headed product at the Lightspeed-backed company Pepper, where he was an early adopter of GPT-3. - The platform processes over 500 billion LLM tokens across 125 million daily requests and manages more than $500,000 in AI-related spending each day for its clients. - Notable customers using Portkey's infrastructure include Postman and Snorkel AI. - The company's AI gateway and control plane provides observability, governance, and cost management tools, and supports over 250 LLMs through a single API. - Portkey plans to use the new funding to enhance its support for agent-based systems by adding more granular controls for permissions, identity, and budget management. - The company's core enterprise gateway is now available for free to encourage early adoption of governance and observability in AI projects. - The platform sits in the path of AI traffic, allowing it to enforce policies, monitor spending, and manage model usage in real time.
